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CYMAT ANNOUNCES RECEIPT OF $1.8M ORDER OF UNDERBELLY KITS FOR ASIAN MILITARY
Prnewswire· 2025-12-04 00:43
Core Viewpoint - Cymat Technologies Ltd. has secured a new production order for stabilized aluminum foam underbelly kits valued at $1.8 million from an Asian military vehicle manufacturer, indicating a growing demand for its products in the defense sector [1] Group 1: Production Orders and Contracts - The recent purchase order includes 176 blast-protection kits to be delivered throughout 2026, marking the third order under the customer's full-rate production schedule [1] - This initial supply contract is expected to provide SmartMetal™ blast protection systems for 350 vehicles, with delivery anticipated to be completed within 18 months [1] - The total value of this contract to Cymat is estimated to be in the range of $4 million to $5 million [1] Group 2: Market Trends and Opportunities - The National Armed Forces are acquiring a fleet of 700 vehicles, which is expected to enhance sales opportunities for Cymat's customer due to the global trend of increased national defense spending [1] - The Chairman and CEO of Cymat expressed confidence in receiving larger orders from this military customer and anticipates increased interest from other SmartMetal customers in the defense sector [1] Group 3: Financial Activities - Cymat has completed a non-brokered private placement of equity units, issuing 11,934,615 units at a price of $0.13 per unit, resulting in gross proceeds of $1,551,500 [1] - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of shares at $0.18 for a period of 24 months [1]
CYMAT TECHNOLOGIES ANNOUNCES INVESTOR CALL
Prnewswire· 2025-11-11 22:11
Core Points - Cymat Technologies Ltd. will host an Investor Update call on November 12, 2025, at 2:00 p.m. EDT to provide updates on ongoing projects and initiatives [1][2][3] Company Overview - Cymat Technologies Ltd. holds global rights to manufacture and sell Stabilized Aluminum Foam (SAF), a lightweight, recyclable material with customizable properties [3] - The production process of SAF involves injecting gases into a molten aluminum bath, resulting in a material suitable for various industries, including architectural design, military, and automotive [3] - Cymat markets its architectural SAF under the Alusion brand and its automotive and military SAF under the SmartMetal brand [3]
CYMAT PROVIDES UPDATE ON PRIVATE PLACEMENT FINANCING
Prnewswire· 2025-10-21 20:58
Core Viewpoint - Cymat Technologies Ltd. is conducting a non-brokered private placement of equity Units to raise gross proceeds of $1,551,500, with each Unit priced at $0.13, consisting of one Common Share and one Common Share Purchase Warrant [2][4]. Group 1: Offering Details - The offering will issue 11,934,615 equity Units, with each Warrant allowing the holder to purchase one Common Share at a price of $0.18 for a period of 24 months [2]. - No Company Insiders will participate in this offering, and if the exercise of Warrants creates a new Insider, the Company will rely on an exemption from formal valuation and minority shareholder approval requirements [3]. - The proceeds will be allocated for capital equipment purchases and working capital requirements [4]. Group 2: Company Overview - Cymat Technologies Ltd. holds global rights to manufacture and sell Stabilized Aluminum Foam (SAF), a lightweight, recyclable material used in various industries including architectural design, military, and automotive [5]. - The proprietary production process of SAF involves injecting gases through a molten bath of alloyed aluminum infused with ceramic particles, resulting in a material with customizable density and dimensions, mechanical energy absorption, and thermal and acoustic insulation [5].
CYMAT ANNOUNCES COMPLETION OF $1.5 M PRIVATE PLACEMENT FINANCING
Prnewswire· 2025-10-02 12:51
Core Viewpoint - Cymat Technologies Ltd. has successfully completed a non-brokered private placement of equity units, raising gross proceeds of $1,499,500 to support strategic business initiatives and working capital needs [1][3]. Summary by Sections Offering Details - The offering consisted of units priced at $0.13 each, with each unit comprising one common share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at a price of $0.18 for a period of 24 months [2]. - A total of 11,534,615 common shares and the same number of warrants will be issued as a result of this offering [3]. Use of Proceeds - The proceeds from the offering will be allocated for capital equipment purchases related to a major strategic business development initiative and for working capital requirements [3]. Management Statements - Michael Liik, CEO and Chairman of Cymat, expressed satisfaction with raising the necessary capital to pursue the previously announced business opportunity with Rio Tinto Alcan and to fund ongoing automotive initiatives [5]. - A webinar will be hosted shortly to update stakeholders on the progress of these initiatives [5]. Company Overview - Cymat Technologies Ltd. holds global rights to manufacture and sell Stabilized Aluminum Foam (SAF), a lightweight, recyclable material used in various industries including architecture, military, and automotive [6]. - The proprietary production process of SAF allows for scalability and low production costs, with unique characteristics such as customizable density and mechanical energy absorption [6].
CYMAT ENTERS INTO LETTER OF INTENT WITH RIO TINTO ALCAN TO ACQUIRE TECHNOLOGY & ASSUME CUSTOMERS OF THEIR PROPRIETARY ALUMINUM METAL MATRIX COMPOSITES BUSINESS
Prnewswire· 2025-06-24 12:23
Core Insights - Cymat Technologies Ltd. has entered into a Letter of Intent with Rio Tinto Alcan Inc. to acquire technology and know-how for manufacturing proprietary aluminum metal matrix composites (MMC) [1][2] - The acquisition is part of RTA's strategic reorganization as they exit the MMC business, which they have operated for over 40 years [2][4] - Cymat plans to establish MMC production capabilities at its Mississauga plant, leveraging existing resources and workforce [3][5] Financial Overview - Historical sales volumes from RTA suggest that Cymat could achieve incremental annual revenue between $7.5 million and $10 million, with margins comparable to or better than its AlusionTM product [4] - Estimated capital costs for equipment are projected to be between $2 million and $2.5 million, with technology transfer expenses expected to be in the low to mid six-figure range [4] - Cymat intends to finance this initiative through existing outstanding warrant proceeds and equipment financing sources [4] Strategic Benefits - The new business line will provide Cymat with a substantial, uncorrelated, and predictable revenue stream, enhancing profitability [5] - It will also reduce the cost of Cymat's primary input material significantly, making the company more price-competitive in the automotive sector [5][6] - The initiative is expected to accelerate Cymat's path to substantial profitability, particularly with anticipated sales growth in the nuclear and military sectors [6]